Trump to announce Bitcoin reserve strategy at White House Crypto Summit: report
President Donald Trump should unveil a Bitcoin reserve strategy at the top of white house cryptography
Commerce Secretary Howard Lutnick confirmed the plan In an interview with the Pavlovic today, declaring that Bitcoin would receive special status as part of Trump’s initiative.
“A Bitcoin strategic reserve is something interested in the president. He talked about it during the campaign track, and I think you will see him executed on Friday,” said Libnick.
THE summitChaired by venture capital David Sacks and the member of the Bo Hines congress, marks a key moment in Trump’s efforts to position the United States as a leader in digital finance.
According to reportsWhite House Crypto Summit will have a smaller guest list than expected, featuring industry leaders like Michael Saylor, CEO of Coinbase Brian Armstrong, the co -founder of Robinhood Vlad Tenev, others of the crypto space and government officials of the presidential working group on digital active Proximity for those who were not invited to the presidential walk.
The administration approach follows Executive command 14178which describes a framework to promote the growth of the cryptographic industry while distinguishing bitcoin as a strategic asset.
US Crypto Reserve
Trump recently underlined his support For digital assets on Truth Social, declaring that a “American cryptography reserve” would strengthen the industry after which He called “Corrupted attacks” by Biden administration.
He also mentioned that the reserve could include other major cryptocurrencies such as XRP (Xrp), Solana (GROUND), and Cardano (ADA), alongside Bitcoin (BTC) and Ethereum (Ethn).
“So Bitcoin is one thing, then the other currencies, the other cryptographic tokens, I think, will be treated differently – positively, but differently,” said Lunick.
The summit should bring more clarity on the regulatory plans of the administration, which could influence the global landscape of digital assets.
Friday’s announcement could mark a turning point for industry, strengthening the scalable position of the American government on the crypto.
Post Comment